What's A Wrapped Token? | WBTC, WETH Explained

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  • Опубликовано: 26 янв 2025

Комментарии • 87

  • @AquarianAgeApostle
    @AquarianAgeApostle 9 месяцев назад +8

    Hands down the best explanation video Ive ever seen when breaking down ANY concept let alone explaining the Wrapped utility in DeFi exchange. Cheers, Gecko.

  • @HarikaKardeş
    @HarikaKardeş 17 часов назад

    INTERESTING EXPLANATION OF WRAPPED TOKENS! 🎉💡 THANK YOU!

  • @ErcanGök-u3k
    @ErcanGök-u3k 14 часов назад

    Great explanation on wrapped tokens! Clear and informative points.

  • @MoïseChevalier-g4v
    @MoïseChevalier-g4v 3 дня назад

    Great explanation! Wrapped tokens can be game changers.

  • @RonaldFlannagan-r1s
    @RonaldFlannagan-r1s 4 дня назад

    Great info! So enlightening! 🎉✨🙌

  • @VeliKaya-p5b
    @VeliKaya-p5b 10 дней назад

    WONDERFUL EXPLORATION INTO WRAPPED TOKENS! 🚀💰🌟

  • @NathanBawerman-o5n
    @NathanBawerman-o5n 7 дней назад

    Knowledge is the key to mastering tokens.

  • @mehmetcilgasit-h8x
    @mehmetcilgasit-h8x 7 дней назад

    Great breakdown! Love learning more about WBTC! 🚀💡

  • @JacquesJacquet-m2w
    @JacquesJacquet-m2w 2 дня назад

    Interesting explanation! Thank you for the insights. 🌟

  • @shathikramlath
    @shathikramlath 15 дней назад

    Wrapped tokens open new doors! 🌟🚀 Great insights!

  • @CatherineBurke-n6k
    @CatherineBurke-n6k 16 дней назад

    Fascinating concept! 🌌

  • @HamishDuncan-v1r
    @HamishDuncan-v1r 3 дня назад

    This video is so helpful! 💪

  • @BrandonDaniels-e2m
    @BrandonDaniels-e2m 11 дней назад

    Great explanation! Wrapped tokens rock! 🚀

  • @affiliatemarketingsoldier6885
    @affiliatemarketingsoldier6885 11 месяцев назад +3

    Thank you for this informative video. Liked and Subscribed. 😃

  • @GörevCi
    @GörevCi 16 дней назад

    Great explanation! I learned so much about wrapped tokens! 🌟👍

  • @JamieobbC
    @JamieobbC 11 дней назад

    Great explanation, very helpful!

  • @BrendaPhelps-f6d
    @BrendaPhelps-f6d 22 дня назад

    Great explanation on wrapped tokens! Looking forward to more! 😊

  • @OwenBlomfield
    @OwenBlomfield 4 дня назад

    Thank you for this thorough explanation

  • @MervinBarton
    @MervinBarton Месяц назад +1

    Great vid! 🚀💡

  • @danielpiesto532
    @danielpiesto532 10 месяцев назад +1

    How can I send BBTC from Metamask to Binance?

  • @ÇavuşÇevik-f2t
    @ÇavuşÇevik-f2t Месяц назад

    Informative content! 👍🏼🌍

  • @AlexandermsonAda
    @AlexandermsonAda Месяц назад

    Great explanation! Thank you! 🙌

  • @JohnnieEmily
    @JohnnieEmily Месяц назад

    Great insights! Empowerment through knowledge! 💪✨🔗

  • @everythingishere5741
    @everythingishere5741 2 года назад +5

    Thanks for all the info!

  • @sylaswashington1349
    @sylaswashington1349 6 дней назад

    Cheers for sharing! I need guidance: My wallet on OKX holds some USDT, and I possess the recovery phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How to go about transferring them to Bybit?

  • @jff7138
    @jff7138 Год назад +1

    Hello. Wondering what to do with btc erc-20 token please is it safe to transfer to a wbtc erc-20 address then swap to other coins please

  • @GabyLeclair
    @GabyLeclair 24 дня назад

    Rất cảm ơn bạn vì nội dung chi tiết!

  • @JoeTchify
    @JoeTchify 2 года назад +6

    What happens when the token is increased in circulation or decreased? Does it increase token wrappers?

    • @jazzingpanda3190
      @jazzingpanda3190 2 года назад +1

      If you mean an increase in circulation of ETH, and are asking about the circulation of WETH.
      Then; WETH gets minted buy the custodian when a holder of ETH chooses to bridge / wrap their ETH.
      The number of WETH in circulation increases when ETH is wrapped. So this is “1:1”, however it does not mean ETH is 1:1 with WETH in terms of circulating supply as unless ETH is chosen to be wrapped, it doesn’t get wrapped.
      So there can be 100 ETH, and that may increase in supply to 110 ETH. However if of that 100 ETH only 10 WETH exists, the increase of ETH to 110 doesn’t mean you get any more WETH, UNLESS they are minted. So it may just remain as 10 WETH when 110 ETH exists.
      Unless some of the new ETH is wrapped, then the supply of WETH won’t increase in respect to the increase in ETH.
      Hope this helps.

    • @JoeTchify
      @JoeTchify 2 года назад

      @@jazzingpanda3190 Does that mean the WETH can increase in value more than ETH if it's only limited to 10 WETH?

    • @jazzingpanda3190
      @jazzingpanda3190 2 года назад

      @@JoeTchify Not quite.
      The value of WETH is *ideally* exactly that of ETH. (assume it is in 99.99% of cases unless there’s something major wrong.)
      The FIAT value of 1 ETH is the same of 1 WETH.
      Although they *technically* exist as a separate currency, try to think of wrapped tokens as the same currency as the base coin, just existing on a different blockchain. (Hence the terminology change of token / coin.)
      To fill out my point, the total market cap of ETH and WETH can differ greatly depending on the number of each in circulation, however the FIAT value of 1 ETH / 1 WETH will remain equal.
      Does this make sense?

    • @JoeTchify
      @JoeTchify 2 года назад

      @@jazzingpanda3190 No it doesn’t. Because if WETH has a higher volume than ETH, how does the price stay the same? If more people buy a certain limited amount of tokens the price always goes up. So if the market cap of WETH is a 100 billion dollars, and ETH market cap is 20 billion, but the price of WETH stays the same as ETH, that wouldn’t make sense. Unless more WETH is being added into circulation to keep the same price as ETH.

  • @GastonPretre
    @GastonPretre Месяц назад

    Knowledge is power! 💪

  • @ArabellaLang-p7i
    @ArabellaLang-p7i 7 дней назад

    Knowledge is power!

  • @irfangull9172
    @irfangull9172 2 года назад +13

    Main thing you haven’t mentioned is bridge hacks. Pity

    • @PromiseG12
      @PromiseG12 Год назад +3

      How can I know more about bridge hacks?

    • @trueFENDY-c2y
      @trueFENDY-c2y Месяц назад

      @@PromiseG12basically it’s jeopardizing security

    • @michealphy4013
      @michealphy4013 6 дней назад

      😂 indeed

  • @sayandcode
    @sayandcode Год назад +2

    Nice text to speech tool! Is this AWS Polly?

  • @saeedmws2722
    @saeedmws2722 2 года назад +2

    Good podcast 👏

  • @iamlove7096
    @iamlove7096 2 года назад +3

    Why are Bitcoin Holders in the Philippines so Unsupported?

    • @andywong2244
      @andywong2244 Год назад +1

      what do you mean by unsupported?

  • @TheodoreAnderson-n4x
    @TheodoreAnderson-n4x Месяц назад

    I can't access the video content, but if you provide more details, I can help. ✨

  • @trueFENDY-c2y
    @trueFENDY-c2y Месяц назад

    very informative video well done

  • @orrinreid5297
    @orrinreid5297 Год назад +2

    So basically I can Wrap my Btc or Eth in BNB making it WBNB and then I am able to use the BTC OR ETH on the BNB blockchain?

    • @ROYSMoGraphDesign9900k
      @ROYSMoGraphDesign9900k Год назад

      i think so

    • @trueFENDY-c2y
      @trueFENDY-c2y Месяц назад

      @@ROYSMoGraphDesign9900kno it’s not bnb it can’t go on its own platform that’s a peg BEP20-5token

  • @PalaniVelu-x9m
    @PalaniVelu-x9m 4 дня назад

    What is it?

  • @kingkeebo80
    @kingkeebo80 Год назад

    Great video!

  • @trueFENDY-c2y
    @trueFENDY-c2y Месяц назад +1

    this video super fire man token this video is perfect

  • @AlexisMossé
    @AlexisMossé 6 дней назад

    Forgive & learn! 🌟💪✨

  • @JacquesJacquet-m2w
    @JacquesJacquet-m2w День назад

    Wrapped tokens, like hugs for crypto! 🤗💰 Who knew?

  • @NathanBawerman-o5n
    @NathanBawerman-o5n Месяц назад

    How can wrapped tokens truly solve the Bitcoin limitation?

  • @nehrulalsharma8224
    @nehrulalsharma8224 4 месяца назад

    please send code

  • @RahmiAkpınar
    @RahmiAkpınar Месяц назад

    What advantages do wrapped tokens have?

  • @ÇavuşÇevik-f2t
    @ÇavuşÇevik-f2t 10 дней назад

    Curious!

  • @TheodoreAnderson-n4x
    @TheodoreAnderson-n4x 12 дней назад

    Cool 😊

  • @worldfamous260dewitt
    @worldfamous260dewitt 7 месяцев назад

    Yes unless is wrap .This is important for the structure of making it official in a sense.... it's like say BTC & Eth is the only logical two needed to exchange equivalently.
    Because of the liquidity it can create...vs the fan based Eth brings with alts.

  • @Issam_seb
    @Issam_seb 11 месяцев назад

    Thank you

  • @DonnaarrieC
    @DonnaarrieC 5 дней назад

    Wow, cool!

  • @Voretch_
    @Voretch_ Год назад +2

    You don’t own it the private keys are being kept by a private chain outside your control

  • @FarukAyna
    @FarukAyna Месяц назад

    Wrapped tokens simplify crypto transactions, enhancing liquidity and usability.

  • @NathanBawerman-o5n
    @NathanBawerman-o5n 15 дней назад

    Forgive my curiosity; the world of wrapped tokens seems vast.

  • @LeToyRider24
    @LeToyRider24 2 года назад +8

    I think anyone selling their Bitcoin or Ethereum because of the dip, has no idea what they are holding in the first place. Long term hodlers are not going to sell a single Satoshi. We are on downtrend which the chances of bouncing up off this resistance is much greater than falling lower. Now I buy and just trade and I'm super picky who I listen to for crypto analysis. We should focus on day trading, as it is less affected by the unpredictable nature of the market. Big thanks to Lincoln Mount for helping me earn 18 BTC, after implementing his daily trading signals and tips. I'm not bothered with how bad the Market is turning out.

  • @adrianesteven3766
    @adrianesteven3766 7 месяцев назад

    ❤ wrapping

  • @bonhomie6275
    @bonhomie6275 Месяц назад

    Covert my pol to wbtc on matic network.

  • @trueFENDY-c2y
    @trueFENDY-c2y Месяц назад

    basically they create a WBTC worth nothing hold your coin on their own wallet and use the wrap as the key to obtain your property. they should give u every single satoshi this a loan basically to use they own lending service to operate on another network

  • @johnmccullough1401
    @johnmccullough1401 Год назад

    Hardly leaned anything from this.. just seems to be a platform to help increase bitcoin and etherium

  • @CharlesCailloux
    @CharlesCailloux 12 дней назад

    Có thể làm được.

  • @ArtBuddy-bf1is
    @ArtBuddy-bf1is 10 месяцев назад

    What a lot of BST

  • @J9045hello
    @J9045hello Год назад +3

    eh-th? ee-th ftw lol

  • @michalbotor
    @michalbotor Год назад +1

    eth does not conform to it's own standard
    classic eth

  • @robb7148
    @robb7148 2 месяца назад

    Is ETH really pronounced "Eh-TH"? I thought it was always "Ee-TH".

  • @mahyarkhodadadi2171
    @mahyarkhodadadi2171 6 дней назад

    Who came here after Trump's inauguration

  • @notofthisworld5998
    @notofthisworld5998 9 месяцев назад

    It's Eeeeeeeeeth. Not ith

  • @basementracer
    @basementracer 16 часов назад

    Why does this woman keep saying ITH instead of ETH? When you’re trying to teach somebody a new subject, it would always behoove yourself to use the right terminology and vernacular. Lame, very lame. Again, a perfect example of a narrator that doesn’t know what they’re talking about.

  • @ValentinBoisselot
    @ValentinBoisselot 16 дней назад

    Such a great overview! 🌟🙏🪙